Virtu Financial, Inc. (NASDAQ:VIRT) is reporting third quarter earnings results on Friday 6th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.72 per share.
For the full year, analysts predict revenues of $ 2134.00 million, while looking forward to income of $ 5.15 per share.
Previous Quarter Performance
Virtu Financial, Inc. communicated income for the second quarter of $ 1.73 per share, from the revenue of $ 905.90 million. The quarterly earnings increased 981.25 percent while revenues swell 279.21 percent compared with the same quarter last year.
Street analysts expected Virtu Financial, Inc. to report income of $ 1.60 per share on revenue of $ 649.12 million for the second quarter. The bottom line results beat street analysts by $ 0.13 or 8.12 percent, at the same time, top line results outshined analysts by $ 256.78 million or 39.56 percent.
Stock Performance
Shares of Virtu Financial, Inc. traded low $ -0.50 or -2.23 percent on Thursday, reaching $ 21.94 with volume of 1.07 million shares. Virtu Financial, Inc. has traded high as $ 22.73 and has cracked $ 21.89 on the downward trend
According to the previous trading day, closing price of $ 21.94, representing a 50.20 % increase from the 52 week low of $ 14.94 and a 21.51 % decrease over the 52 week high of $ 28.59.
The company has a market capital of $ 4.24 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 24.00 target price.
Recent Stock Dividend Announcement
On August 7, 2020, the board of directors authorized quarterly dividend of $ 0.24 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Virtu Financial, Inc. will be hosting a conference call at 8:30 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.virtu.com
Virtu Financial, Inc., together with its subsidiaries, provides market making and liquidity services through its proprietary, multi-asset, and multi-currency technology platform to the financial markets worldwide. The companys Market Making segment principally consists of market making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities. Its Execution Services segment comprises agency-based trading and trading venues, which offer execution services in equities, ETFs, futures, and fixed income to institutions, banks, and broker dealers.
